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Gordon Technologies

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uuid000b35h

Namestring
Gordon Technologies
Legal namestring
Gordon Technologies LLC
Company typeenum
Private
Founded yearint
2014
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersScott, United States
HQ citystring
Scott
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices7 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
measurement while drilling, MWD services, downhole drilling tools, oilfield technology, directional drilling systems
Industry1 code
1Directional Drilling & MWD/LWD Services
CodeEUALABABPrimaryYes
NAICS code2 codes
  • Oil and Gas Field Machinery and Equipment Manufacturing333132
  • Mining and Oil and Gas Field Machinery Manufacturing33313
SIC code2 codes
  • Oil & Gas Field Services, Nec1389
  • Oil & Gas Field Machinery & Equipment3533
Product category
Oilfield Services / Measurement While Drilling (MWD)
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model3 records
1MWD Equipment Rental
TypeSubscription Recurring
Description

Gordon provides MWD tool rental services to oil and gas operators. The GT-MWD standard temperature and GT-Heat Miser high temperature systems are deployed as rental kits to customers for use in drilling operations.

gordontechnologiesllc.com
2Field Service Operations
TypeProfessional Services
Description

The company provides field engineers and operations support for MWD services at rig sites. Optional on-site operators are supported by the GT-Remote Operations team. Services include real-time monitoring, data acquisition, and post-job service and maintenance.

gordontechnologiesllc.com
3MWD Technology Products
TypeHardware Sales
Description

Sale of MWD components and systems including pulsers, directional modules, gamma-ray sensors, and proprietary technologies. For lower-tier applications and customer request, Vertex equipment continues to be available for purchase following the 2024 acquisition.

gordontechnologiesllc.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 8 records shown
1GT-MWD
Description

Standard temperature MWD system designed for all North American basins up to 300 degrees Fahrenheit.

gordontechnologiesllc.com
+7 more records
Core offering1 text field

Gordon Technologies designs, manufactures, and deploys proprietary Measurement While Drilling (MWD) systems and related downhole tools for oil and gas directional drilling. Core offerings include the GT-MWD standard temperature system, the GT-Heat Miser high-temperature family, and complementary modules (GT-Tracker, GT-AGR, GT-PWD, GT-Seeker, GT-DM). The company provides MWD kits on a rental basis with field engineer services and remote operations support delivered directly at rig sites.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 8 values shown
  • Reduces axial shock by 80% and torsional/lateral shock by up to 50%
+7 more records
Product overview1 text field

Gordon Technologies offers a comprehensive, integrated portfolio of Measurement While Drilling (MWD) technology products and services for the oil and gas industry. The core offering consists of the GT-MWD standard temperature system (up to 300°F/149°C) and the GT-Heat Miser family of high-temperature MWD systems (spanning XT+ 175 at 347°F, XT2 190 at 374°F, and GT-Heat Seeker at 392°F). These systems share a unified technology platform built on two foundational patented technologies: the Shock Miser (shock and vibration mitigation reducing axial shock by 80% and amplifying pulse amplitude by 300%) and the GT-Pulser (200°C-capable universal mud system pulser). The product line extends through add-on modules including GT-Tracker (RSS-compatible MWD with BabelFish/Orbit RSS integration), GT-AGR (azimuthal gamma-ray imaging with 23:1 front-to-back ratio), GT-PWD (pressure while drilling), GT-Seeker (dual sensor trajectory estimation reducing ellipse of uncertainty by 50%), and GT-DM (solid-state directional module with 27 sensors). Supporting technology platforms include proprietary Data Compression (up to 5 bits/second) and Surface Decoding via Noralis RAID Decoding (1,000+ simultaneous adaptive decoders with machine learning). Gordon also provides remote field operations services and maintains an active acquisition program that has brought in Noralis (2020, directional module and pressure decoder technology), Lodestar/MaxWell (2021, dynamics-while-drilling tools), Paisano Labs (2023, gamma detectors and resistivity tools), and Vertex Downhole Trading (2024, global expansion with Winc/Winc+/Mudlink IP). Gordon is majority-owned by Enersol (ADNOC Drilling and Alpha Dhabi JV) following a 67.2% stake acquisition.

Product and service3 records
1GT-MWD (Standard Temperature)
CategoryMeasurement While Drilling (MWD)
Description

Gordon's best-in-class MWD system designed for all North American basins and all mud types in applications up to 300°F (149°C). Features a four circuit board design, patented Shock Miser shock isolation, patented pulser for faster data rates, and live streaming data with remote monitoring. Sold/rented to oil and gas operators as a complete MWD tool kit.

2GT-Heat Miser (High Temperature MWD)
CategoryHigh-Temperature Measurement While Drilling (MWD)
Description

Gordon's family of high-temperature MWD systems engineered for extreme temperature drilling environments. Includes XT+ 175 (up to 347°F/175°C), XT2 190 (up to 374°F/190°C), and GT-Heat Seeker (up to 392°F/200°C). All feature proprietary high-temp gamma, pulser, batteries, and Shock Miser internal mounting for high-temperature wells.

3Shock Miser™
Scale indicator13 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierStrategicTypeTechnology or IntegrationAnnounced on2024-10-31
Description

Gordon acquired Vertex Downhole Trading LLC, the Eastern Hemisphere business of Vertex Downhole Technologies Inc (based in Calgary, Canada), for accelerated global expansion. Acquisition includes intellectual property rights for Winc, Winc+, and Mudlink technologies. Enables Gordon to serve customers across 30+ countries and merges Vertex UAE team with Gordon.

2Turnwell JV (ADNOC Drilling, SLB, Patterson-UTI)
Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2024-09-30
Description

Turnwell is a joint venture between ADNOC Drilling (55%), SLB (30%), and Patterson-UTI (15%) executing a $1.7 billion contract for 144 unconventional oil and gas wells in UAE. Gordon Technologies, as an Enersol company, provides MWD technology for the accelerated well program. Gordon's technology reduces drilling time, improves wellbore quality, and increases drilling efficiency.

gordontechnologiesllc.com
Strategic tierStrategicTypeTechnology or IntegrationAnnounced on2023-08-03
Description

Gordon acquired Paisano Labs in August 2023, vertically integrating proprietary gamma detectors and propagation resistivity tools. Paisano's LWD products were specifically designed for high temperature and high shock/vibration environments. Gordon tested every gamma module on market and Paisano outperformed all competitors. Acquisition mitigates supply chain issues and improves product reliability.

4Lodestar International / MaxWell Downhole Technology
Strategic tierStrategicTypeTechnology or IntegrationAnnounced on2021-05-10
Description

Gordon acquired Lodestar International, a manufacturer of drilling measurement tools including I-SUB and I-STRING products for weight-on-bit, torque-on-bit, and bending measurements. Deal included subsidiary MaxWell Downhole Technology Limited. Lodestar's downhole dynamics-while-drilling technology complements Gordon's MWD systems and Noralis electronics.

gordontechnologiesllc.com
Strategic tierStrategicTypeTechnology or IntegrationAnnounced on2020-07-31
Description

Pelican Energy Partners acquired Noralis, Inc. as part of the Gordon Technologies platform in July 2020. Noralis provides transformational MWD technology with locations in Texas and Cheltenham, UK. Products include the Noralis Directional Module (27 sensors, meeting ISCWSA standards at 165°C) and Noralis Pressure Decoder. Noralis operates as wholly-owned subsidiary within Gordon platform.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Global oilfield services and equipment company with drilling, evaluation, and MWD/LWD offerings. Comparable incumbent competing for similar drilling services contracts in the same basins.

TypeBroad incumbent
Description

World's largest oilfield services company with a Sperry Drilling division offering MWD/LWD, rotary steerables (PowerDrive Orbit), and integrated drilling services. Directly comparable as both a competitor and interoperability partner (Gordon's GT-Tracker integrates with SLB's RSS).

TypeDirect peer
Description

Specialist in directional surveying, MWD, and gyro-while-drilling services. Comparable as a niche independent MWD/survey provider with similar customer base in directional drilling.

TypeDirect peer
Description

Independent provider of MWD, directional drilling, and downhole survey services focused on North American land and offshore markets. Direct peer in core MWD rental and services business.

TypeDirect peer
Description

Provider of MWD, LWD, and directional drilling services with strong US land basin presence. Direct peer in core MWD rental and field service business for shale operators.

TypeBroad incumbent
Description

Global drilling contractor with owned MWD/LWD/directional service lines (Nabors Drilling Solutions). Comparable as a combined rig operator and MWD service competitor targeting the same operators.

TypeBroad incumbent
Description

Major oilfield services incumbent with Sperry Drilling and a broad MWD/LWD portfolio. Comparable as a full-spectrum competitor in US unconventional basins where Gordon competes for fleet contracts.

TypeRegional player
Description

US-focused drilling contractor and pressure pumping company; partner with Gordon in the Turnwell UAE JV. Comparable as a directional-drilling services customer/partner in the same US unconventional basins.

TypeBroad incumbent
Description

Large integrated oilfield services and equipment company with drilling services, LWD, and downhole sensor offerings. Comparable as a broad incumbent in the same MWD/LWD category as Gordon.

TypeEmerging player
Description

Specialized oilfield technology company with downhole robotics, MWD/LWD, and high-temperature tools. Comparable in the high-temp/harsh-environment niche that Gordon's Heat Miser line targets.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers8 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

Integration4 records

Each record includes

Title, Type, Description, Source

AI capability7 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature9 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles8 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries4 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Gordon Technologies

Oilfield Services / Measurement While Drilling (MWD)gordontechnologiesllc.com

Gordon Technologies firmographics

Firmographics
Name
Gordon Technologies
Legal name
Gordon Technologies LLC
Website
https://gordontechnologiesllc.com
Company type
Private
Founded year
2014
Operating status
Operating
Headcount range
251–500 employees
Ownership category
akta.pro rank

Gordon Technologies industry classification

Industry
Product category
Oilfield Services / Measurement While Drilling (MWD)
NAICS
Oil and Gas Field Machinery and Equipment Manufacturing (333132), Mining and Oil and Gas Field Machinery Manufacturing (33313)
SIC
Oil & Gas Field Services, Nec (1389), Oil & Gas Field Machinery & Equipment (3533)
akta.pro primary industry
Directional Drilling & MWD/LWD Services (EUALABAB)

Keywords

  • Measurement while drilling
  • MWD services
  • Downhole drilling tools
  • Oilfield technology
  • Directional drilling systems

Where Gordon Technologies is headquartered

Location

Headquarters

HQ city
Scott
HQ country
United States
HQ region
North America

Offices7 records

Markets served

Gordon Technologies business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

  1. MWD Equipment Rental: Gordon provides MWD tool rental services to oil and gas operators. The GT-MWD standard temperature and GT-Heat Miser high temperature systems are deployed as rental kits to customers for use in drilling operations.
  2. Field Service Operations: The company provides field engineers and operations support for MWD services at rig sites. Optional on-site operators are supported by the GT-Remote Operations team. Services include real-time monitoring, data acquisition, and post-job service and maintenance.
  3. MWD Technology Products: Sale of MWD components and systems including pulsers, directional modules, gamma-ray sensors, and proprietary technologies. For lower-tier applications and customer request, Vertex equipment continues to be available for purchase following the 2024 acquisition.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Gordon Technologies product offering

Product offering

Core offering

Gordon Technologies designs, manufactures, and deploys proprietary Measurement While Drilling (MWD) systems and related downhole tools for oil and gas directional drilling. Core offerings include the GT-MWD standard temperature system, the GT-Heat Miser high-temperature family, and complementary modules (GT-Tracker, GT-AGR, GT-PWD, GT-Seeker, GT-DM). The company provides MWD kits on a rental basis with field engineer services and remote operations support delivered directly at rig sites.

Product overview

Gordon Technologies offers a comprehensive, integrated portfolio of Measurement While Drilling (MWD) technology products and services for the oil and gas industry. The core offering consists of the GT-MWD standard temperature system (up to 300°F/149°C) and the GT-Heat Miser family of high-temperature MWD systems (spanning XT+ 175 at 347°F, XT2 190 at 374°F, and GT-Heat Seeker at 392°F). These systems share a unified technology platform built on two foundational patented technologies: the Shock Miser (shock and vibration mitigation reducing axial shock by 80% and amplifying pulse amplitude by 300%) and the GT-Pulser (200°C-capable universal mud system pulser). The product line extends through add-on modules including GT-Tracker (RSS-compatible MWD with BabelFish/Orbit RSS integration), GT-AGR (azimuthal gamma-ray imaging with 23:1 front-to-back ratio), GT-PWD (pressure while drilling), GT-Seeker (dual sensor trajectory estimation reducing ellipse of uncertainty by 50%), and GT-DM (solid-state directional module with 27 sensors). Supporting technology platforms include proprietary Data Compression (up to 5 bits/second) and Surface Decoding via Noralis RAID Decoding (1,000+ simultaneous adaptive decoders with machine learning). Gordon also provides remote field operations services and maintains an active acquisition program that has brought in Noralis (2020, directional module and pressure decoder technology), Lodestar/MaxWell (2021, dynamics-while-drilling tools), Paisano Labs (2023, gamma detectors and resistivity tools), and Vertex Downhole Trading (2024, global expansion with Winc/Winc+/Mudlink IP). Gordon is majority-owned by Enersol (ADNOC Drilling and Alpha Dhabi JV) following a 67.2% stake acquisition.

Differentiator

Problem solved

Functional benefit

Brands

  • GT-MWD: Standard temperature MWD system designed for all North American basins up to 300 degrees Fahrenheit.
  • GT-Heat Miser
  • GT-Shock Miser
  • GT-Tracker
  • GT-AGR (Azimuthal Gamma-Ray)
  • GT-PWD (Pressure While Drilling)
  • GT-Seeker
  • Gordon Digital

Products and services

  • GT-MWD (Standard Temperature) Gordon's best-in-class MWD system designed for all North American basins and all mud types in applications up to 300°F (149°C). Features a four circuit board design, patented Shock Miser shock isolation, patented pulser for faster data rates, and live streaming data with remote monitoring. Sold/rented to oil and gas operators as a complete MWD tool kit.
  • GT-Heat Miser (High Temperature MWD) Gordon's family of high-temperature MWD systems engineered for extreme temperature drilling environments. Includes XT+ 175 (up to 347°F/175°C), XT2 190 (up to 374°F/190°C), and GT-Heat Seeker (up to 392°F/200°C). All feature proprietary high-temp gamma, pulser, batteries, and Shock Miser internal mounting for high-temperature wells.
  • Shock Miser™

Quantifiable outcome

  • Reduces axial shock by 80% and torsional/lateral shock by up to 50%
  • +7 more outcomes

Companies that use Gordon Technologies

Customer profile

Named customers8 records

Segments3 records

Ideal customer profiles2 records

Gordon Technologies technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability7 records

Feature9 records

Gordon Technologies partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered strategic and flagship.

  • Vertex Downhole Trading LLC (Vertex UAE)strategicTechnology or Integration · 31 October 2024Gordon acquired Vertex Downhole Trading LLC, the Eastern Hemisphere business of Vertex Downhole Technologies Inc (based in Calgary, Canada), for accelerated global expansion. Acquisition includes intellectual property rights for Winc, Winc+, and Mudlink technologies. Enables Gordon to serve customers across 30+ countries and merges Vertex UAE team with Gordon.
  • Turnwell JV (ADNOC Drilling, SLB, Patterson-UTI)flagshipStrategic or Co-development Partner · 30 September 2024Turnwell is a joint venture between ADNOC Drilling (55%), SLB (30%), and Patterson-UTI (15%) executing a $1.7 billion contract for 144 unconventional oil and gas wells in UAE. Gordon Technologies, as an Enersol company, provides MWD technology for the accelerated well program. Gordon's technology reduces drilling time, improves wellbore quality, and increases drilling efficiency.
  • Paisano Labs, LLCstrategicTechnology or Integration · 3 August 2023Gordon acquired Paisano Labs in August 2023, vertically integrating proprietary gamma detectors and propagation resistivity tools. Paisano's LWD products were specifically designed for high temperature and high shock/vibration environments. Gordon tested every gamma module on market and Paisano outperformed all competitors. Acquisition mitigates supply chain issues and improves product reliability.
  • Lodestar International / MaxWell Downhole TechnologystrategicTechnology or Integration · 10 May 2021Gordon acquired Lodestar International, a manufacturer of drilling measurement tools including I-SUB and I-STRING products for weight-on-bit, torque-on-bit, and bending measurements. Deal included subsidiary MaxWell Downhole Technology Limited. Lodestar's downhole dynamics-while-drilling technology complements Gordon's MWD systems and Noralis electronics.
  • Noralis, Inc.strategicTechnology or Integration · 31 July 2020Pelican Energy Partners acquired Noralis, Inc. as part of the Gordon Technologies platform in July 2020. Noralis provides transformational MWD technology with locations in Texas and Cheltenham, UK. Products include the Noralis Directional Module (27 sensors, meeting ISCWSA standards at 165°C) and Noralis Pressure Decoder. Noralis operates as wholly-owned subsidiary within Gordon platform.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Gordon Technologies competitors and assessment

Company assessment

Broad incumbents

  • Weatherford International: Global oilfield services and equipment company with drilling, evaluation, and MWD/LWD offerings. Comparable incumbent competing for similar drilling services contracts in the same basins.
  • Schlumberger (SLB): World's largest oilfield services company with a Sperry Drilling division offering MWD/LWD, rotary steerables (PowerDrive Orbit), and integrated drilling services. Directly comparable as both a competitor and interoperability partner (Gordon's GT-Tracker integrates with SLB's RSS).
  • Nabors Industries: Global drilling contractor with owned MWD/LWD/directional service lines (Nabors Drilling Solutions). Comparable as a combined rig operator and MWD service competitor targeting the same operators.
  • Halliburton: Major oilfield services incumbent with Sperry Drilling and a broad MWD/LWD portfolio. Comparable as a full-spectrum competitor in US unconventional basins where Gordon competes for fleet contracts.
  • Baker Hughes: Large integrated oilfield services and equipment company with drilling services, LWD, and downhole sensor offerings. Comparable as a broad incumbent in the same MWD/LWD category as Gordon.

Direct peers

  • Gyrodata: Specialist in directional surveying, MWD, and gyro-while-drilling services. Comparable as a niche independent MWD/survey provider with similar customer base in directional drilling.
  • Scientific Drilling International: Independent provider of MWD, directional drilling, and downhole survey services focused on North American land and offshore markets. Direct peer in core MWD rental and services business.
  • NCS Energy Services: Provider of MWD, LWD, and directional drilling services with strong US land basin presence. Direct peer in core MWD rental and field service business for shale operators.

Regional players

  • Patterson-UTI Energy: US-focused drilling contractor and pressure pumping company; partner with Gordon in the Turnwell UAE JV. Comparable as a directional-drilling services customer/partner in the same US unconventional basins.

Emerging players

  • Welltec: Specialized oilfield technology company with downhole robotics, MWD/LWD, and high-temperature tools. Comparable in the high-temp/harsh-environment niche that Gordon's Heat Miser line targets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Gordon Technologies social profiles

Digital presence

Gordon Technologies financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Gordon Technologies leadership team

Management profile

Number of profiles

Profiles8 records

Gordon Technologies subsidiaries and ownership

Company hierarchy

Subsidiaries4 records

Gordon Technologies funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Gordon Technologies M&A and investment

M&A and investment

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gordon Technologies

What does Gordon Technologies do?

Gordon Technologies designs, manufactures, and deploys proprietary Measurement While Drilling (MWD) systems and related downhole tools for oil and gas directional drilling. Core offerings include the GT-MWD standard temperature system, the GT-Heat Miser high-temperature family, and complementary modules (GT-Tracker, GT-AGR, GT-PWD, GT-Seeker, GT-DM). The company provides MWD kits on a rental basis with field engineer services and remote operations support delivered directly at rig sites.

Is Gordon Technologies a public or private company?

Gordon Technologies is a private company. It is classified as corporate owned and is currently operating.

When was Gordon Technologies founded?

Gordon Technologies was founded in 2014. It employs 251 to 500 people.

Where is Gordon Technologies based?

Gordon Technologies is headquartered in Scott, United States, in the North America region.

How does Gordon Technologies make money?

Three revenue lines are on record. MWD Equipment Rental is the primary driver. The others are field Service Operations and MWD Technology Products.

Who are Gordon Technologies's main competitors?

Broad incumbents on record are Weatherford International, Schlumberger (SLB), Nabors Industries, Halliburton and Baker Hughes. Direct peers are Gyrodata, Scientific Drilling International and NCS Energy Services. Patterson-UTI Energy is listed as a regional player. Welltec is listed as an emerging player.

Does Gordon Technologies have an API?

No public API is recorded for Gordon Technologies.

What industry is Gordon Technologies in?

Gordon Technologies's product category is Oilfield Services / Measurement While Drilling (MWD). Its primary akta.pro industry code is EUALABAB, Directional Drilling & MWD/LWD Services. Its NAICS code is 333132 and its SIC code is 1389.

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Live signals
Business-News-Today.comEnersol RSC acquires majority stake in Gordon Technologies for $270mEnersol RSC, a joint venture between ADNOC Drilling Company and Alpha Dhabi Holding, has acquired an additional 42.206% stake in Gordon Technologies LLC for approximately $270 million, making it the majority owner. This transaction strengthens Enersol's market position in the measurement-while-drilling (MWD) sector by integrating Gordon’s debt-free operations and advanced technology fleet into its ecosystem. The deal is pending regulatory approvals and aligns with the UAE’s broader goals of enhancing energy security and economic diversification.YahooADNOC Drilling and Alpha Dhabi JV to increase stake in Gordon TechnologiesEnersol, a joint venture between ADNOC Drilling and Alpha Dhabi Holding, has agreed to acquire an additional 42.206% stake in US-based Gordon Technologies for $270 million, bringing its total ownership to 67.2%. The transaction values Gordon at levels consistent with its initial investment in January 2024, with the majority of funds paid upon closing and the remainder contingent on performance benchmarks over two years. This move positions Enersol as the majority shareholder of the debt-free MWD technology provider, which is preparing for field operations in the MENA region.PR NewswireGordon Technologies Announces Acquisition of PaisanoGordon Technologies announced the acquisition of Paisano Labs, a provider of gamma detectors and propagation resistivity tools for the directional drilling sector. The move aims to vertically integrate Gordon's MWD systems with Paisano's LWD technology to ensure product reliability amid ongoing electronics supply chain challenges. This strategic partnership positions Gordon to better meet customer demands for robust equipment in harsh drilling environments.BenzingaGordon Technologies Announces Acquisition of PaisanoGordon Technologies announced the acquisition of Paisano Labs, a provider of gamma detectors and propagation resistivity tools for the directional drilling sector. The move aims to vertically integrate Gordon's MWD systems with Paisano's LWD technology to improve product reliability amid ongoing electronics supply chain challenges. This strategic partnership allows Gordon to secure critical components and better serve customers in high-temperature drilling environments.PR NewswireGordon Technologies Announces Minority (25%) Sale to Alpha DhabiGordon Technologies LLC shareholders sold a 25% equity stake to Alpha Dhabi Holding in an all-cash deal, marking a partial liquidity event for the company's legacy investors. Gordon Technologies, a leading independent provider of MWD technology to the US directional drilling sector, will leverage Alpha Dhabi's expertise to expand its fleet domestically and pursue international growth into the Middle East market. The company has grown its MWD fleet from fewer than 20 kits in 2017 to over 150 kits today, with founder Terry Frith retaining meaningful ownership and continuing to lead technology innovation.PR NewswireGordon Technologies Announces Deployment of its 150th MWD SystemGordon Technologies LLC announced it has deployed its 150th patented Measurement-While-Drilling (MWD) system in the United States, marking 2022 as a record year for the company, which has tripled its rental fleet since October 2018. The company's growth is driven by its technology performance in high-temperature and high-shock drilling environments across major U.S. basins including the Haynesville, Eagle Ford, and Permian. Gordon Technologies, founded in 2014 and headquartered in Scott, Louisiana, positions this milestone as evidence of its expanding market presence in the U.S. unconventional oil and gas sector.PR NewswireGordon Technologies LLC Announces Two PromotionsGordon Technologies LLC announced the internal promotions of Chris Koranek to President and Chris Lapoint to Chief Operating Officer. These leadership changes coincide with the company's expansion from a regional player to a leading national provider in the measurement-while-drilling sector, supported by growth capital from investor Pelican Energy Partners. The move allows CEO Terry Frith to shift focus toward long-term vision and technology development while the new executives manage day-to-day operations.PR NewswireGordon Technologies Announces Acquisition of Lodestar International & MaxWell Downhole TechnologyGordon Technologies LLC announced the acquisition of Lodestar International, LLC and its subsidiary MaxWell Downhole Technology Limited to expand its downhole measurement tool offerings. This transaction represents Gordon's second acquisition of the year, following its purchase of Noralis in July, and aims to integrate complementary DWD technologies for drilling optimization. The deal is supported by growth capital from investor Pelican Energy Partners.PR NewswirePelican Energy Partners Announces Acquisition of Noralis as Part of Gordon Technologies PlatformPelican Energy Partners announced the acquisition of Noralis, Inc., integrating it as a wholly owned subsidiary within its Gordon Technologies platform. This strategic move aims to accelerate new product development and expand Gordon's mechanical and electrical offerings for international growth in the directional drilling sector.PR NewswireGordon Technologies Announces Record Number of Active MWD SystemsGordon Technologies LLC announced that its Heat Miser™ Measurement-While-Drilling system is now active on more than 50 drilling rigs across Texas, North Dakota, and Louisiana, marking a record-setting year for the company. Since October 2017, Gordon has more than tripled the size of its rental fleet and claims to be the sixth largest MWD provider by footage drilled in Texas. The company plans to double its fleet and follow 100 rigs by year-end 2019.